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USA: crude stocks on the rise, those of gasoline too


(CercleFinance.com) – U.S. crude oil reserves rose 2.4 million barrels last week to 416.2 million barrels, according to figures released Wednesday by the U.S. Energy Information Agency (EIA).

Gasoline inventories increased by 1.3 million barrels, while reserves of distillates, which include heating oil, fell by 2.8 million barrels.

The refinery capacity utilization rate reached 87.7%, a slight decline compared to 88.1% the previous week.

Crude prices continued to rise on the announcement of these figures, with US WTI light crude currently rising 1.5% to $86.8.

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